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The capital gains tax isn't retrospective (someone correct me if I'm wrong) so it won't bring in any significant amount of money for years to come, and very few people earn over $150,000 a year.
With the first $5000 income of all people tax free, Labour is basically offering tax cuts at a time when NZ has its biggest deficit in its history.
I can't believe they spun this as an alternative to selling assets. Their tax policy doesn't replace selling assets to pay down debt at all, it will increase debt and take many years before the CGT catches up to their tax cuts.
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